While many condo buyers assume parking spaces are automatically included, various condo administrations have different rules regarding ownership and fees. Parking spaces may be included with the unit, sold separately, or available for an additional fee. It's important for owners to understand whether they have exclusive rights to their space and if there are any restrictions on selling it separately from the unit. The regulations can differ significantly between condo developments, so buyers should review the specific rules for their property.

2. Many condo buyers think
that once you own a
condo unit, you also
automatically own the
parking space, without
reviewing the terms and
conditions.

3. Although most
condominiums give an
entitlement to one parking
space for each unit, some of
those come with an
additional fee. Other spaces
are sold individually on a first
come, first serve basis.

4. Parking spaces are commonly
considered as an exclusive
amenity. However, some condo
administrations consider parking
spaces as different entity from
the amenities proper. They thus
charge extra fee for whoever
want to avail regardless if he is a
tenant or not.

5. In other times, parking spaces are sold
separately from the condo unit. This
means that “the title holder has
absolute and complete ownership,
including the right to sell, convey, or
encumber the parking or garage space
separate from the living unit itself.

6. In some cases, parking and garage
spaces are treated as common
elements assigned by the declarant for
use by a particular unit owner where
no deed transfers are necessary”, as
per Declaration of Convents,
Conditions and Restriction or
Condominium Declaration.

7. Indeed, regulations of parking
space ownership are different on
different condominium
administrations. Yet, it is important
for owners to know the basic
guidelines in their parking spaces.

8. The Peterson Group Bespoke Condominium
and Residences, expert in providing
expatriates luxury homes and residential in
Singapore, Hong Kong, Jakarta, Indonesia
and Kuala Lumpur, Malaysia, defines
parking spaces as free parcels, easement
parcels, exclusive easement parcels and the
right to use the areas.

9. The company may address general,
limited and special rights, maintenance,
and other related matters. All of these
factors affect the insurability of your
parking space. Exclusive rights
declaration does not automatically mean
you have the rights to sell your parking
space.

10. There are contracts where it is
stipulated that “… no part of the
appurtenant interests of any
unit may be sold, transferred or
otherwise disposed of except as
part of a sale, transfer or other
disposition of the unit to which
such interests are appurtenant”.

11. No matter how small the space
we’re talking about, a parking
spot is a huge concern for condo
buyers and renters. It is often
the basis for disagreements,
rants, and complaints.

12. If you own a car, it is best to know all
your options before deciding. Talk to
the administration or your realtor
before plunging into any decision. It is
best to review your developer’s parking
rules as a way to avoid nightmares in
your condo property.